Why is Sky Gold & Diam. falling/rising?

As of 30-Jun, Sky Gold & Diamonds Ltd is experiencing a decline in its stock price, currently at Rs 314.35, which reflects a decrease of Rs 9.6 or 2.96%. The stock has underperformed its sector by 3.57% today and has been on a downward trend for the last two days, with a total decline of 4.13% during this period. Additionally, the stock has shown a significant drop of 19.98% over the past month, despite a strong performance over the past year, where it generated a return of 91.50%. The stock is currently trading below its moving averages across various time frames, indicating a bearish trend. Furthermore, there has been a notable decrease in investor participation, with delivery volume falling by 29.51% against the five-day average, contributing to the stock's recent struggles.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with the Sensex rising by 2.09% over the past week while Sky Gold & Diamonds Ltd only increased by 1.31%. Despite its recent challenges, the company has demonstrated strong fundamentals, such as a high return on capital employed (ROCE) of 15.52% and consistent growth in net sales and operating profit. The company has reported positive results for the last eight consecutive quarters, which supports its long-term growth potential. However, the current market sentiment appears to be weighing heavily on the stock, overshadowing its positive financial indicators and leading to its recent price decline.